Recent Blog Posts
What Are The Tax Implications Of Divorce In Illinois?
Most divorcing couples overlook the tax implications of divorce before it is too late. A Schaumburg tax implications attorney, or any attorney for that matter, cannot ethically give them tax advice if they don’t have the education or the experience to do so. That is why most couples turn to accountants to determine the… Read More »
How Is Debt Division Handled In An Illinois Divorce?
Dealing with debt is perhaps one of the most difficult aspects of a divorce. Disputes over who gets to keep the family home, who gets the savings accounts and cars can cause several difficult arguments during the asset division process. This is why most couples hire specific Schaumburg debt division attorneys to determine who… Read More »
How is Business Asset Division Decided in an Illinois Divorce?
Illinois is an equitable division state, which means that all assets, including the business variety, are split between divorcing spouses fairly. This does NOT imply each party gets 50 percent. It means that they receive what the court determines is fair to both. While some assets are easy to split (such as savings accounts… Read More »
How Is Marital And Non-Marital Property Decided In An Illinois Divorce?
Marriage gives people the opportunity to build a life together with the person they love. From buying a home, a new car to choosing furniture that suits their lifestyle, couples make several critical financial decisions during their marriage. So when they decide to go their separate ways and get a divorce, that property has… Read More »
Unemployed Child Support: Getting Paid When Your Ex Isn’t Working
In Illinois, a divorce is not the end of the road, but a new beginning that can help you get back on your feet after, say, from an unhappy or loveless marriage. However, the experience can quickly become a nightmare if your ex-spouse refuses or cannot pay child support due to unemployment. You can… Read More »
What are the Top 10 Reasons for Divorce?
In the past decade, there has been a significant cultural shift in behaviors and attitudes, which has redefined the meaning of marriage. The view of marriage as a lifelong commitment has greatly been altered. The emphasis now is on individual satisfaction and fulfillment. The US alone reports one of the highest divorce rates in… Read More »
What are the Tax Implications of a Business in a High Net Worth Divorce?
For most business owners, work and life balance is a myth. Unfortunately, the long hours, stress, and lack of sleep places immense strain on their marriages and other relationships. If you are forced to choose between your business and your spouse, chances are you will choose the former and will have to deal with… Read More »
Are Both Parents Given Equal Consideration for Child Custody in Illinois?
If you’ve recently started divorce proceedings in Illinois, you might be wondering whether both parents are given equal consideration for child custody or one parent is favored over another. As a loving parent, you may want to acquire full custody of your children. This is why, you might be interested in finding out that… Read More »
Is An Uncontested Divorce Possible In Illinois?
Your marriage has run its course and you are ready to part ways with your spouse. If you are still on good terms and willing to work together, you can opt for an uncontested divorce with the help of our Schaumburg divorce lawyers. What Is An Uncontested Divorce? An uncontested divorce is one in… Read More »
Divorce And Child Support In Illinois Questions Answered
Is there a certain age where a child can decide for themselves which parents to live with? However, the court does take into consideration what the child wants, and that can play out in a couple of different ways. Sometimes in domestic relations cases concerning the allocation of parental responsibilities and the parenting time,… Read More »